REG - Nova Ljubljanska - Legal merger of N Banka d.d. successfully closed

Nova Ljubljanska Banka dd LjubljanaAnnouncement

01/09/2023 09:30

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RNS Number : 1115L  Nova Ljubljanska Banka d.d.  01 September 2023

Nova Ljubljanska Banka, d. d., Ljubljana

The process of legal merger of N Banka d.d. with NLB d.d. successfully closed

 

In accordance with the Rules of the Ljubljana Stock Exchange and Article 158
of the Financial Instruments Market Act (ZTFI-1), NLB d.d., Trg republike 2,
1000 Ljubljana, the Management Board of NLB d.d. announces that with today's
entry of the merger in the Register of Companies the process of legal merger
of N Banka d.d. with NLB d.d. is successfully closed.

 

In March 2022, following the sanctions directed towards the Russian Sberbank
and its subsidiaries, including Sberbank d.d., NLB d.d. responded
conscientiously and responsibly to the sudden challenge in the financial
stability of the Slovenian banking sector and signed a sales agreement with
the Single Resolution Fund to acquire a 100% share in Sberbank d.d. By
entering its ownership structure, NLB d.d. stabilised its operations, its
customers regained access to funds on their accounts and were able to transact
normally and the bank was renamed to N Banka d.d.

 

The first of the final steps in this demanding process has been made with
today's entry of the legal merger in the Register of Companies and the process
of operational integration of N Banka with NLB will follow this weekend.

 

Investor Relations

NLB d.d., Ljubljana

 

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